Oct 12, 2023 - Sale 2648
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Sale 2648 - Lot 102

Price Realized: $ 8,125
?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 12,000 - $ 18,000
[Economics] Quesnay, François (1694-1774)
Physiocratie, ou Constitution Naturelle du Gouvernmenet le Plus Avantageux au Genre Humain. [And] Discussions et Développemens sur Quelques-Unes des Notions de L'Economie Politique. Pour servir de seconde Partie au Recueil Physiocratie.

Leiden: Chez Merlin, 1768 & 1767.

First edition, two octavo volumes, a married set in different bindings; the first part with engraved allegorical frontispiece by Ozanne after Jeaurat; first volume in later half calf; second volume in full contemporary sponged calf with gilt tooled spine, the two housed in custom folding box.

"The Physiocrats were a group of French Enlightenment thinkers of the 1760s that surrounded the French court physician, François Quesnay. The cornerstone of the Physiocratic doctrine was Quesnay's axiom that only agriculture yielded a surplus, what he called a net product. Manufacturing and commerce, the Physiocrats argued, took up as much value as inputs into production as it created in output, and consequently created no net product. Like many Enlightenment thinkers, and contrary to the Mercantilists, the Physiocrats believed that the wealth of a nation lay not in its stocks of gold and silver, but rather in the size of its net product. But it was the identification of that net product solely with agriculture that the Physiocrats were distinct." (Quoted from the History of Economic Thought website https://www.hetwebsite.net/het/schools/physioc.htm)
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